SPX, NDX Closed Lower after 3-hour Selloff, Closed above Low, Gained for the Week...All Sectors Moved Lower...

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SPX -66.75, 5,970.  Breadth weakened further on Friday.  Even after Thursday’s pause day and Friday’s sharp three-hour selloff, the SPX was up +39.99 points for the week from the previous Friday’s close of 5039.85. 

The DJI, 42,992, also closed lower.  The RUT closed -1.56% lower.

NDX -1.36%, closed below Thursday’s low and gained +0.86% for the week.

TSLA -22.47, -4.95%, sold off for a second day after rising +31.68 on Tuesday.  

Mega caps BRK/B, META, TSM, AAPL, GOOGL, AMZN, AVGO, MSFT, NVDA, TSLA fell on Friday. 

SPY down 6.33 at 595.01, 64.9 million shares, above average volume

VIX up 1.22 at 15.95,

VIX1D up 4.08 at 13.67,

QQQ down 7.04 at 522.56

BA, CVX, VZ led the DJIA, 2 advancers, -16                            

LW, APA, HSY, OXY led the SPX, 50 advancers

BIIB, MDLZ, AEP, KHC led the NDX, 10 advancers

Up: 

Down:  DIA, SPY, QQQ, IWM,

The SPY MFC green line is pointed up at 56 and is short-term bullish. +8.2.

All eleven sectors were lower on Friday, down the least XLE, XLU and XLV. 

Uptrend sectors:   XLK, XLY, XLC, XLF, XLI, XLP, XLU, XLRE,

Neutral sectors:  XLE,

Down trend sectors: XLB, XLV,

The 6-month intermediate trend is up.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

10 of 100 NDX stocks closed higher on Friday.

24 NDX stocks are above their 30 DMA:  MRVL, NFLX, TSLA, WBD, AMZN, LULU, AAPL, ASML, AVGO, GOOGL APP, DXCM, FTNT, GILD, AZN, CSCO, GFS, KLAC, META, PLTR, ADI, ROST, HON, TTWO,  

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 10

ABNB, CDNS, CRWD, CTSH, MAR, MSFT, NVDA, PAYX, PYPL, WDAY,

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